$3,900,000.00
Asking Price
Status: Active
Posting ID: 274985
11/14/23
Description
These two locally-owned cannabis and hemp testing laboratories serve customers throughout California using state-of-the-art equipment to provide the highest level of customer satisfaction while maintaining compliance with state regulations. They are ISO 17025:2017 accredited with current state and local licenses.
In 2021 and 2022, the company experienced more than 50% growth in revenue. The low overhead in comparison to peers and below-market rent offer an attractive investment opportunity for a buyer looking to enter the cannabis testing industry. The labs are profitable and trending for additional growth in 2023.
There is a significant growth opportunity when CBD becomes regulated for testing similarly to cannabis, and this lab is poised to capitalize on this opportunity. They are ready for Psychedelic testing once legislation for testing methods/standards is passed in California. This is your opportunity to step into a business that has laid the foundation to be successful in a booming industry.
The owners have created an excellent culture and have a seasoned staff with key employees expected to stay on after the transition. Owners are willing to stay on for however long is needed to ensure a smooth transition for clients, staff, and new ownership.
Testing services provided by the laboratory include but are not limited to –
• Terpenes
• Pesticide
• Potency
• Microbial
• Residual solvents
• Mycotoxin
• Heavy metals
• Water activity
To get more information about this Cannabis And Hemp Testing Lab - Low Overhead business for sale in Northern California please phone Stu Gilman (Intermediary - BRE License #:02099546) at 209-480-9949 - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #274985 on BizBen.com. In addition to phoning Stu Gilman, make sure you email Stu Gilman above to get more info about this Cannabis And Hemp Testing Lab - Low Overhead, to ask any questions or request an appointment to see this business for sale. Thank you. License # 02136021. Transworld Business Brokers.
Contact
Details
Asking Price: $3,900,000.00
Down: Call/Email
Cash Flow: Call/Email
Revenue: $4,666,653.00
Area: Northern California
City: None Given
Attributes:
My Notes About This Listing
Cash flow
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Revenue
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Revenue
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Down
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Cash flow
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Revenue
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Down
Call/Email
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Cash flow
Call/Email
Revenue
Call/Email
Down
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Cash flow
Call/Email
Revenue
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Down
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Min Liquid Cash
Call/Email
Net Worth
N/A
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Franchise Fee
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Cash flow
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Revenue
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Down
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Revenue
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Down
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Cash flow
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Revenue
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Down
Call / Email
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Cash flow
Call/Email
Revenue
Call/Email
Down
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Cash flow
Call/Email
Revenue
Call/Email
Down
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Cash flow
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Revenue
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Down
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Cash flow
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Revenue
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Down
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Cash flow
Call/Email
Revenue
Call/Email
Down
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Cash flow
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Revenue
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Down
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Cash flow
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Revenue
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Down
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Total Investment
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Min Liquid Cash
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Net Worth
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Franchise Fee
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Cash flow
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Revenue
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Down
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Cash flow
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Down
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Bldg Size
Call / Email
Typical Floor Size
Call / Email
Year Built
Call / Email
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Cash flow
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Revenue
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Down
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Down
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Asking Price
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Cash flow
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Revenue
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Down
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Cash flow
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Revenue
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Down
$250,000
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Asking Price
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